Benzinga | Jul 8, 2021 09:13AM EDT

PLBY Group Reports Partnership With Gaming Technologies To Bring A New Playboy-Branded Rummy Mobile Game To Indian Market

PLBY Group, Inc. (NASDAQ: PLBY), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, and Gaming Technologies, Inc. (OTC:GMGT) ("Gametech") a software platform provider and owner of the Mexico-based interactive regulated online casino and sports betting and gaming brand Vale, today announced a partnership to bring a new Playboy-branded, skill-based, real-money Rummy mobile game to the Indian market. The game is expected to launch in 2021.

"India is an important and growing market for Playboy," said Reena Patel, President, International at PLBY Group, Inc. "Our partnership with Gametech will cater to the young consumer's desire for the Playboy brand in India across gaming and other categories including retail, beauty, venues, and hospitality."

Commenting on the announcement, Jason Drummond, founder and Chief Executive Officer of Gametech, stated, "We are thrilled to partner with Playboy to launch real money, mobile, skill-based games in India. The potential market for online games of skill in India is still developing, and we believe that through this partnership with such an iconic brand, Gametech and Playboy can create a substantial presence in the Indian market and provide consumers fun and authentic games unlike no other partners in the territory."

The online gaming industry in India is expected to grow at a compound annual growth rate of 40% to $2.8 billion by 2022, up from $1.1 billion in 2019, according to reports on a recent Deloitte India study.

Playboy today reaches a global audience through a diverse portfolio of consumer products, content, gaming, hospitality offerings, and more. Playboy's international portfolio has been flourishing for over 25 years in Asian markets such as China and Japan. Earlier this year, Playboy expanded its global consumer products business into India in partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle company in India.

For more information on the rollout of Gametech's new Rummy mobile skill-based game in India with Playboy, please visit Gametech.com.